Comerica Financial institution elevated its place in shares of G-III Attire Group, Ltd. (NASDAQ:GIII – Get Ranking) by 77.9% in the course of the 1st quarter, based on the corporate in its most up-to-date 13F submitting with the Securities and Change Fee. The institutional investor owned 67,469 shares of the textile maker’s inventory after buying an extra 29,552 shares in the course of the interval. Comerica Financial institution owned about 0.14% of G-III Attire Group value $1,992,000 on the finish of the newest quarter.
Different hedge funds have additionally lately purchased and offered shares of the corporate. UMB Financial institution NA MO acquired a brand new stake in G-III Attire Group within the 4th quarter valued at about $43,000. Point72 Hong Kong Ltd acquired a brand new stake in G-III Attire Group within the 4th quarter valued at about $85,000. Counterpoint Mutual Funds LLC acquired a brand new stake in G-III Attire Group within the 1st quarter valued at about $89,000. Alpha Paradigm Companions LLC acquired a brand new stake in G-III Attire Group within the 4th quarter valued at about $107,000. Lastly, Zurcher Kantonalbank Zurich Cantonalbank raised its place in G-III Attire Group by 49.2% within the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,363 shares of the textile maker’s inventory valued at $176,000 after buying an extra 2,099 shares within the final quarter. Institutional buyers and hedge funds personal 92.61% of the corporate’s inventory.
Wall Road Analysts Forecast Development
A number of fairness analysis analysts have lately weighed in on the corporate. B. Riley reduce their goal value on G-III Attire Group from $41.00 to $37.00 and set a “purchase” score on the inventory in a analysis report on Wednesday, June eighth. Piper Sandler reissued an “obese” score and set a $28.00 goal value on shares of G-III Attire Group in a analysis report on Friday. KeyCorp assumed protection on G-III Attire Group in a analysis report on Wednesday, July twentieth. They set an “obese” score and a $27.00 goal value on the inventory. StockNews.com lowered G-III Attire Group from a “purchase” score to a “maintain” score in a analysis report on Wednesday, June eighth. Lastly, UBS Group reduce their goal value on the G-III Attire Group from $31.00 to $22.00 and set a “impartial” score on the inventory in a analysis report on Friday, July fifteenth. 5 equities analysis analysts have rated the inventory with a maintain score and three have assigned a purchase score to the corporate’s inventory. Primarily based on knowledge from MarketBeat, the corporate has a consensus score of “Maintain” and a consensus value goal of $26.57.
G-III Attire Group Buying and selling Up 1.1%
NASDAQ:GIII opened at $22.53 on Monday. The inventory’s 50 day shifting common value is $22.49 and its 200 day shifting common value is $25.58. The corporate has a market capitalization of $1.09 billion, a PE ratio of 5.43 and a beta of two.51. The corporate has a fast ratio of two.36, a present ratio of three.58 and a debt-to-equity ratio of 0.33. G-III Attire Group, Ltd. has a 52-week low of $19.38 and a 52-week excessive of $35.12.
G-III Attire Group (NASDAQ:GIII – Get Ranking) final launched its quarterly earnings outcomes on Tuesday, June seventh. The textile maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.15. G-III Attire Group had a return on fairness of 14.09% and a internet margin of 6.98%. The agency had income of $688.80 million for the quarter, in comparison with the consensus estimate of $597.35 million. Throughout the identical quarter final yr, the enterprise posted $0.53 EPS. The agency’s quarterly income was up 32.5% in comparison with the identical quarter final yr. On common, analysis analysts anticipate that G-III Attire Group, Ltd. will submit 4.47 EPS for the present yr.
G-III Attire Group Firm Profile
G-III Attire Group, Ltd. designs, sources, and markets girls’s and males’s attire in the US and internationally. The corporate operates by two segments, Wholesale Operations and Retail Operations. Its merchandise embody outerwear, clothes, sportswear, swimwear, girls’s fits, and girls’s efficiency put on; and girls’s purses, footwear, small leather-based items, chilly climate equipment, and baggage.
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